Indian Exports to Australia

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Indian Australian trading relationships have never been in such a high peak than it is at present and this has given Indian exports to Australia a major reason to grow. A great many high-level meetings and increased interaction in business and trade flow between the two countries has taken place.

This has given Indian exports to Australia a major boost. The Australian Prime Minister, John Howard visited India in March, 2006 and this visit resulted in the signing of a Memorandum of Understanding (MoU) and a Trade and Economic Framework (TEF) between the two countries. This again has resulted in an increase in Indian exports to Australia.

Joint commissions such as the Australia-India Business Council (AIBC) and India-Australia Business Council have promoted Indian exports to Australia in a major way. Indian exports to Australia have seen a significant rise during the last few years. In 1999- 2000, Indian Exports to Australia were US$ 406.63 million, in 2000-2001 it was US$ 405.89 million, in 2001-2002 it was US$ 418.03 million, in 2003-2004 it was US$ 584.30 million, and in 2004-2005 it was US$ 687.03 million. The major items that constitute Indian exports to Australia are:
  • Gems, pearls, and jewelry
  • Chemicals and its by products
  • Leather, leather goods, footwear, and travel goods
  • Agricultural products
  • Engineering goods and manufactures
  • Textile, clothing, and make up
In 2001, among Indian exports to Australia, the sector of gems, pearls, and jewelry registered an increase of 19% to A$ 65.3 million in comparison to previous year's export of A$ 54.9 million. Exports of gold, silverware, and jewelry remained the same at A$ 12.6 million in 2001. But the exports of precious and semi precious stones increased by 23.8% to A$ 51.9 million in 2001.

The engineering goods and manufacture sector accounted for 22% of India's export to Australia in 2001. The amount of exports rose by 7% to A$ 176.6 million. Exports of electrical apparatus used in circuits increased by 37.5% to A$ 7.7 million in 2001. Base metals house hold equipments decreased to A$ 11.4 million in 2001 from A$ 11.8 million in the previous year.

In 2001, the sector of chemicals and its by products accounted for 25% of Indian exports to Australia. Pharmaceuticals products rose to A$ 10.2 million in 2001 from A$ 6.1 million in the previous year. Petroleum oils increased to A$ 36.6 million in 2001 from A$ 11.9 million in the previous year.

Exports to Australia from India in the leather, leather goods, footwear, and travel goods sector registered a growth to A$ 55.9 million in 2001 from A$ 54.8 million in the previous year. Leather export increased to A$ 7.5 million in 2001 from A$ 5.6 million in the previous year.

The textile, clothing, and make up sector accounted for 25% in the total India's export to Australia in 2001. It amounted to A$ 204.5 million in total exports this year. The top 5 commodities in this sector were women's clothing, men's clothing, textile yarn, made up articles, and floor coverings.

The agricultural products sector accounted for 11% of Indian exports to Australia in 2001. Tobacco export rose from A$ 2.5 million in the last year to A$ 4.2 million in 2001. Exports of spices increased to A$ 5.8 million in 2001 from A$ 4.9 million in the previous year.

Indian exports to Australia have increased considerably over the last few years but scope for development still exists. The governments of both the countries are in the process of making concentrated efforts so that Indian export to Australia can reach its full potential.